About 1015 Park Ave
Prime Multi-Family Development Opportunity in South Nanaimo. This is an exceptional 4.74-acre development site in one of Nanaimo’s fastest-growing neighborhoods, surrounded by newly built million-dollar homes. A now expired development permit for a multi-family development, consisting of 14 single-family homes, was approved in 2017, but a new survey supports up to 23 single-family homes or stacked townhouses with the current R10 zoning. And the City may allow site-specific density up to 35 units with a feasible site design meeting zoning guidelines. And the Citywide Parking Review is expected to ease parking requirements, adding more potential benefits. Ideally located near transit, schools, shopping and VIU, this is an opportunity to provide modern, affordable homes in a highly desirable location. Due diligence reports available to serious buyers. The Buyer must independently verify all property details and development potential through the City of Nanaimo or qualified professionals.
Basic Information
| Price | $3,300,000 |
|---|---|
| MLS® # | 994224 |
| Sub-Type | Land |
| Baths | 0.00 |
| Lot Size | 4.75 Acres |
Location Information
| Address | 1015 Park Ave |
|---|---|
| Postal Code | V9R 4J5 |
| Area | Nanaimo |
| Sub Area | South Nanaimo |
| Jurisdiction | City of Nanaimo |
| PID Number | 026-876-795 |
| View | City, Mountain(s) |
| Waterfront? | No |
Features & Amenities
| Water | Municipal |
|---|---|
| Sewer | Sewer Available |
Additional Information
| Pet Policy | Aquariums, Birds, Caged Mammals, Cats, Dogs |
|---|---|
| Rental Policy | Unrestricted |
| Agricultural Land Reserve (ALR)? | No |
| Lot Features | Acreage, Central Location, Corner, Easy Access, Family-Oriented Neighbourhood, Park Setting, Quiet Area, Recreation Nearby, Shopping Nearby, Southern Exposure, Wooded Lot, See Remarks |
Listing Details
| Office | Sutton Group-West Coast Realty (Nan) |
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